A Boring Dystopia

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Poignant post on the state of things (lemmy.world)

submitted 9 months ago by STRIKINGdebate2@lemmy.world to c/aboringdystopia@lemmy.world

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[–] TengoDosVacas@lemmy.world 1 points 9 months ago* (last edited 9 months ago) (1 children)

If necessary, yes. Otherwise its just fraud. "Whatever someone is willing to pay" doesnr make a thing valuable; it just makes the buyer stupid. If I sell you a rusty old tricycle for $6000 just because you have a psychotic nostalgia for it, the value of old rusty tricycles doesnt become $6000.

Elon bought Xitter at what, $45/share? It was never worth that much...he tried to manipulate the stock value (i. e. commit fraud) and a government official forced him to commit.

[–] Cryophilia@lemmy.world 1 points 9 months ago (1 children)

That would work maybe...so you'd have a government body to assess companies like houses are currently assessed. Sounds expensive though. We'd need to raise taxes, which is probably a good thing anyway

[–] TengoDosVacas@lemmy.world 1 points 9 months ago

It wouldn't involve raising taxes as much as it would involve collecting taxes in the first place from billionaire assholes hiding their wealth. This is a recent problem and is easily fixed.